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Ukraine is petitioning the United Nations to create a commission to resolve claims against Russia for financial damages arising out of the war – amid speculation that some US$300 billion in frozen Russian central bank assets could be targeted for enforcement.
10 October 2022
Singapore’s High Court has refused to allow one of Venezuela’s ICSID creditors to enforce a US$500 million-plus award against the assets of a state-owned entity facing US sanctions.
20 July 2022
The Luxembourg Court of Cassation has quashed the enforcement of the Micula brothers’ ICSID award against Romania on the basis that the arbitration clause in the underlying investment treaty was nullified when the state joined the European Union.
18 July 2022
The Hague Court of Appeal has lifted a US$5.2 billion attachment order imposed on Kazakhstan’s sovereign wealth fund as part of efforts to enforce an Energy Charter Treaty award against the state – as the Moldovan creditors instruct a new counsel team in the long-running dispute.
23 June 2022
India’s airports authority has withdrawn from an international system for collecting airline fees after its funds were frozen by telecoms investors seeking to enforce investment treaty awards.
16 May 2022
The High Court of Australia has granted Spain special leave to appeal the recognition of a €101 million ICSID award obtained by a Luxembourgish investor affected by its renewable energy reforms.
31 March 2022
Eversheds Sutherland's Will O’Brien and Ulyana Bardyn consider recent US law developments on sovereign immunity in the P&ID v Nigeria case.
24 March 2022
The Singapore High Court has ruled that as a foreign state India is entitled to an extra two months to challenge enforcement of a US$137 million investment treaty award and that it does not have to provide security.
15 March 2022
The Commercial Court in London has upheld an order enforcing a £16 million ICC award against Libya while ruling a US-owned defence contractor should be deprived of court costs for failing to raise sovereign immunity issues.
14 March 2022
A US court has rejected Pakistan’s bid to stay enforcement of an Australian mining venture’s US$6 billion ICSID award, calling the state’s hopes of annulling the award “wishful thinking”.
11 March 2022
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